| New France Franc (Treaty of Utrecht) | |
|---|---|
| Nouvelle-France franc | |
 New France fran 20 Fr. Banknote | |
| ISO 4217 code | 993 |
| Central bank | Banque de Nouvelle-France |
| Date of introduction | 1976 |
| User(s) | New France |
| Subunit | |
| Symbol | Fr. |
| Nickname | franc |
| Banknotes | |
| Freq. used | 20, 50, 100, 200, 500 Fr. |
The CFNF franc (Communauté Financière du Nouvelle France) was created in December 1945, together with the CFA franc , used in Africa. The reason for the creation of these francs was the weakness of the French franc immediately after the Second World War. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation of December 1945. René Pleven, the French minister of finance, was quoted saying: “In a show of her generosity and selflessness, metropolitan France, wishing not to impose on her far-away daughters the consequences of her own poverty, is setting different exchange rates for their currency.” The CFNF franc and the other colonial currencies were set at a fixed exchange rate with the French franc.
In 1976, Minister of Finance Jacques Parizeau ushered in a managed float regime model for the CFNF franc. This allowed for exchange rates to fluctuate from day to day, but the Bank of New France could heavily influence the exchange rates by buying and selling currencies to maintain a certain range. The name of the currency was change to New France franc (NFF).
In 1995 during the Presidency of Jacques Parizeau, he shifted the New France currency to a floating exchange rate so the New France francs value would be allowed to fluctuate in response to foreign exchange market events.